Audits

Senator Elizabeth Warren (Leigh Vogel/Getty Images)

The senator and her Democratic colleague Ron Wyden asked the U.S. auditing watchdog to rein in bogus audits in the digital assets sector.

By Jesse Hamilton

Mar 21, 2023 at 9:45 p.m. UTC

Mar 21, 2023

RegulationsAuditingU.S.AuditsAccountingElizabeth WarrenRon Wyden

SEC Increases Scrutiny of Audits of Cryptocurrency Companies: WSJ

Having proof of reserve reports is not enough information for an investor, according to Paul Munter, the SEC's acting chief accountant.

By Amitoj Singh

Dec 23, 2022 at 8:56 a.m. UTC

Dec 23, 2022

Proof-of-ReservesBinanceSECAudits

(Feodora Chiosea/Getty Images, modified by CoinDesk)

Audit Firms Don’t Want to Work With Crypto Companies, and That’s a Problem

Mazars and Armanino are getting out of the crypto audit game after a wave of negative PR.

By Nathaniel Whittemore

Dec 19, 2022 at 9:36 p.m. UTC

Dec 19, 2022

The BreakdownPodcastsAuditsMazarsProof-of-Reserves

Binance Losing Auditing Partner Mazars Leaves Crypto Questions Unanswered

Auditing firm Mazars, which had published a proof of reserves report for Binance and other exchanges, on Friday cut ties with clients in the crypto industry.

By Helene Braun

Dec 19, 2022 at 4:32 p.m. UTC

Dec 19, 2022

MazarsAuditsProof-of-ReservesBinance

CryptoQuant: On-Chain Data Shows Crypto Exchange Binance Isn't Exhibiting ‘FTX-Like’ Behavior

The analytics firm found the exchange is almost entirely collateralized and diversified away from its proprietary token.

By Sam Reynolds

Dec 15, 2022 at 12:53 p.m. UTC

Dec 15, 2022

BinanceProof-of-ReservesAudits

Coinbase’s Prime Broker Platform Receives Industry Attestation Reports

The reports look at internal controls over financial reporting, as well as controls based on trust principles.

By Helene Braun

Dec 13, 2022 at 11:16 p.m. UTC

Dec 13, 2022

CoinbaseAudits

Binance CEO Changpeng Zhao at Consensus Singapore 2018 (CoinDesk)

Binance's Bitcoin Reserves Are Overcollateralized, New Report Says

Mazars performed a proof-of-reserves and proof-of-liabilities assessment on the centralized exchange.

By Brandy Betz Helene Braun

Dec 7, 2022 at 2:38 p.m. UTC

Dec 7, 2022

BinanceProof-of-ReservesAudits

Crypto Update | 'A Complete Failure of Corporate Controls': What Investors and Accountants Missed in FTX’s Audits (Pt. 2)

With bitcoin regaining $16K after dipping to a two-year low earlier in the week, plus a deeper look at the troubled transactions inside FTX, CoinDesk’s “Markets Daily” is back with the latest news roundup.

By Adam B. Levine Adrian Blust

Nov 23, 2022 at 5:02 p.m. UTC

Nov 23, 2022